Out of the rest of England, Brighton and Hove is budgeted to profit from £21million from parking, with Birmingham following up on £12.3million.

English bus lane penalties will bring in £35million, but this figure is likely to be considerably higher than that, as the RAC Foundation revealed 2016/17's projection was £6million while the actual profit was £19million.

Greater London is set to account for the majority of the fines, raising £24million.

Moving traffic penalties in the capital generate more than double that made by bus lane penalties.

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The news comes as the biggest private parking firm ParkingEye is sold for £235million. The company bought a third of all car owner details sold by the DVLA in order to issue parking fines.

Steve Gooding, RAC Foundation Director, said: “This deal will confirm the suspicion that many motorists already had: that managing parking on private land is a licence to print money.

“The increase in the value of the company matches the relentless rise in the number of vehicle keeper records the DVLA has been providing to private parking companies so that they can issue parking tickets.”